Invest in public services

Schooling is always one of the hottest topics discussed in China.

However, while the education authorities keep lamenting the shortage of funds, China keeps buying US debt.

So far, US debt is still a relatively safe asset and our country has to buy it.

However, why should we accumulate so much foreign reserve instead of spending more on our own education, public services and other social welfare?

Now Chinese economic growth is slowing down. The government urgently needs to invest more in public services so people have more money to spend, which will help fuel economic growth.

A student, via e-mail

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(China Daily 05/29/2012 page9)